Latest news with #JamesvonMoltke
Yahoo
24-07-2025
- Business
- Yahoo
Deutsche Bank CFO on Second-Quarter Earnings
Deutsche Bank Chief Financial Officer James von Moltke discusses the lender's performance in the second quarter as the bank reported FIC sales and trading revenue for the second quarter that beat the average analyst estimate. Von Moltke talks with Bloomberg's Oliver Crook. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Deutsche Bank Hits Decade High as Sewing's Strategy Pays Off
(Bloomberg) -- Deutsche Bank AG's shares rose to the highest in a decade after reporting better-than-expected trading results, as Germany's largest bank continues its recovery under Chief Executive Officer Christian Sewing. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Income from trading bonds and currencies rose 11% to €2.28 billion from a year earlier, beating analyst estimates for revenue of €2.20 billion and mirroring a strong performance across Wall Street. The shares rose as much as 7.1%, to the highest since August 2015. Chief Financial Officer James von Moltke told Bloomberg Television the entire investment bank division has had a 'good start' to the current quarter. 'That gives us some real confidence about what lies ahead,' he said. Sewing said the results put the lender on track to meet its targets for the year. Since taking over in 2018, when Deutsche Bank was caught in a downward spiral and distracted by infighting, he has focused the lender on its traditional strength in fixed income and corporate banking and boosted profitability and shareholder payouts. It has since regained trading market share, aided by several credit rating upgrades. Deutsche Bank reiterated on Thursday that it has filed an application for a share buyback with the European Central Bank but didn't specify an amount. It said that the implementation of capital rules known as CRR3 won't impact its payout strategy, apparently in response around prior market speculation around the issue. Deutsche Bank rose 6.3% at 10:54 a.m. in Frankfurt, the second-best performer in an index of European banks. That brings gains this year to 69%. With investors seeking to diversify away from the US and toward Europe, where governments have vowed to spend hundreds of billions of euros on defense and infrastructure, Sewing has said Deutsche Bank stands to benefit as one of the few remaining global investment banks on the continent. 'Our clients want to have a European alternative to the US banks,' he said in an interview on Monday. Income from advising on deals and capital raisings, an area Deutsche Bank recently built up, fell 29% in the second quarter. That resembles declines across Wall Street as clients put bond and stock sales on hold. Von Moltke said in the Bloomberg TV interview that Deutsche Bank is 'committed' to its investments in the unit even though recovery in deals generally has been taking longer than expected. Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
Deutsche Bank Hits Decade High as Sewing's Strategy Pays Off
(Bloomberg) -- Deutsche Bank AG's shares rose to the highest in a decade after reporting better-than-expected trading results, as Germany's largest bank continues its recovery under Chief Executive Officer Christian Sewing. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Income from trading bonds and currencies rose 11% to €2.28 billion from a year earlier, beating analyst estimates for revenue of €2.20 billion and mirroring a strong performance across Wall Street. The shares rose as much as 7.1%, to the highest since August 2015. Chief Financial Officer James von Moltke told Bloomberg Television the entire investment bank division has had a 'good start' to the current quarter. 'That gives us some real confidence about what lies ahead,' he said. Sewing said the results put the lender on track to meet its targets for the year. Since taking over in 2018, when Deutsche Bank was caught in a downward spiral and distracted by infighting, he has focused the lender on its traditional strength in fixed income and corporate banking and boosted profitability and shareholder payouts. It has since regained trading market share, aided by several credit rating upgrades. Deutsche Bank reiterated on Thursday that it has filed an application for a share buyback with the European Central Bank but didn't specify an amount. It said that the implementation of capital rules known as CRR3 won't impact its payout strategy, apparently in response around prior market speculation around the issue. Deutsche Bank rose 6.3% at 10:54 a.m. in Frankfurt, the second-best performer in an index of European banks. That brings gains this year to 69%. With investors seeking to diversify away from the US and toward Europe, where governments have vowed to spend hundreds of billions of euros on defense and infrastructure, Sewing has said Deutsche Bank stands to benefit as one of the few remaining global investment banks on the continent. 'Our clients want to have a European alternative to the US banks,' he said in an interview on Monday. Income from advising on deals and capital raisings, an area Deutsche Bank recently built up, fell 29% in the second quarter. That resembles declines across Wall Street as clients put bond and stock sales on hold. Von Moltke said in the Bloomberg TV interview that Deutsche Bank is 'committed' to its investments in the unit even though recovery in deals generally has been taking longer than expected. Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Sign in to access your portfolio
Mint
24-07-2025
- Business
- Mint
Deutsche Bank Surges as Its Traders Ride Market Volatility
Deutsche Bank AG's share price soared as its fixed-income traders joined Wall Street peers in reaping the profits from market volatility. Revenue at the German lender's securities unit in the second quarter rose 11% to €2.28 billion from a year earlier, according to a statement on Thursday. That compares with analyst estimates for €2.20 billion. The lender's shares rose as much as 6.1% in early trading, hitting the highest level in a decade. The trading performance at Deutsche Bank mirrors the development at the biggest US banks, which on average posted a 14% increase in fixed-income trading. 'We are very happy to have delivered our highest second-quarter and first-half year profits since 2007,' Chief Executive Officer Christian Sewing said in the release. 'This puts us on track to meet our 2025 targets.' Chief Financial Officer James von Moltke told Bloomberg Television the entire investment bank division has had a 'good start' to the current quarter. 'That gives us some real confidence about what lies ahead,' he said. The lender stands to benefit from companies around the globe seeking to diversify their bank relationships to include non-Wall Street banks, Sewing told Bloomberg Television earlier this week. European governments have vowed to spend hundreds of billions of euros on defense and infrastructure. Deutsche Bank reiterated on Thursday that it has filed an application for a share buyback with the European Central Bank but didn't specify an amount. It said that the implementation of capital rules known as CRR3 won't impact its payout strategy, apparently in response around prior market speculation around the issue. Income from advising on deals and capital raisings, an area Deutsche Bank recently built up, fell 29% in the second quarter. That resembles declines across Wall Street as clients put bond and stock sales on hold. Von Moltke said in the Bloomberg TV interview that Deutsche Bank is 'committed' to its investments in the unit even though recovery in deals generally has been taking longer than expected. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
29-04-2025
- Business
- Bloomberg
EU Securitization Reform to Boost Growth, Deutsche Bank CFO Says
The European Union's new set of rules on the securitization of loans is set to bolster the bloc's economy as it enables banks to boost lending, Deutsche Bank Chief Financial Officer James von Moltke said. European financial authorities are currently exploring ways to streamline oversight of the €1.2 trillion ($1.3 trillion) asset-backed securities market and simplify reporting requirements, according to a March report that offers recommendations for policymakers.
